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Feb 6, 2013
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the deficit goes back up even though we saw it go slightly down. they're calling this the sandwich generation, the people in the middle getting squeezed by taking care of their older parents that can't retire early and taking care of kids. youth unemployment at 11.5. >> more of the middle class becoming the working poor at this point. and the problem is, you can't ask the guy a question. he makes an announcement. you can't ask him a question to get meaningful discussion to hear the other side. when you have the chance, and he was able to have control to put something through, what did he do? we're still hearing blame it on bush. that's old. >> also tax hikes. we'll have the highest spending and highest government spending and highest tax rates. i'm not sure who is can connecte dots to create jobs. >> can i say something? the new normal is the old miserable. the carter era with bandwidth. does he care about the fracturing. the harder american life gets the more he can change it. when we take the bus instead of drive that's progress. he sees shrinkag
the deficit goes back up even though we saw it go slightly down. they're calling this the sandwich generation, the people in the middle getting squeezed by taking care of their older parents that can't retire early and taking care of kids. youth unemployment at 11.5. >> more of the middle class becoming the working poor at this point. and the problem is, you can't ask the guy a question. he makes an announcement. you can't ask him a question to get meaningful discussion to hear the other...
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Feb 8, 2013
02/13
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we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for california dems and california businesses to do what they want to do with them. and so you've got to take both of those into account. and i think that one of my concerns is, if we simply say deficits are not a problem, everything is better, what we are ignoring is that other dimension because in reality what happens, the policymakers are making to decisions. wonders whether they're deciding about deficits or surpluses. they're deciding are going to borrow from our state's future income. but when a decision on the size of governmen
we should care about the deficit. we should care about the difference between what a government spending and what a government is collecting in revenues. extremely important to we should also to about the size of government. we should care about both i. and what we have done over the past several years is we have a limited concerns about the deficit. we have done that to a large extent by increasing the size of government and the tax burden to get bigger, is the fewer resources there are for...
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Feb 2, 2013
02/13
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i don't think the focus has changed to the median term deficit. i think it is front and center precise i will because it has to be -- precisely because it has to -- we have an unemployment rate slight i will below 8%. if you're at a do more infrastructure spending or you're going to make the kind of investments in education that will put people back to work, the only way you ever get a congress to go along with you if you say let's make this part of a package to deal with the other long-run fiscal things. in dealing with some of this is making space to get more short-term recovery. >> except that -- >> poor anna. >> i want this, exactly. >> to move the needle -- if you're pulling on the fiscal policy lever you have to pull from your heart. in 2008, president bush proposed and congress enacted what we called the fiscal stimulus bill. on the right of the aisle it was not forbidden to call it that. it was bipartisan and it was $150 billion pushed out over an 18-month period. we figured that was probably at least the smallest size you needed to move t
i don't think the focus has changed to the median term deficit. i think it is front and center precise i will because it has to be -- precisely because it has to -- we have an unemployment rate slight i will below 8%. if you're at a do more infrastructure spending or you're going to make the kind of investments in education that will put people back to work, the only way you ever get a congress to go along with you if you say let's make this part of a package to deal with the other long-run...
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Feb 5, 2013
02/13
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to pay down the deficit, and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans as well as independence, have the same view, and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be finished before march 1st and unfortunately, that's the date when a series of harmful automatic cuts to job creating investments and defense spending also known as the sequester are scheduled to take effect. so if congress can't act immediately on a bigger package, if they can't get a bi bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until congress finds a way to repla
to pay down the deficit, and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans as well as independence, have the same view, and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be...
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Feb 2, 2013
02/13
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we should care about the deficit. we should care about the difference between what the government is spending and collecting. extremely important. we should also care about the size of government. we should care about both. what we have done over the past several years is illuminated concerns about the deficit. we have done that to a large extent by increasing the size of government. the bigger government is, the fewer resources there are for california families and businesses to do with they want to do with them. so, you have got to take both of those into account. i think that one of my concerns is, if we simply say, deficits are not a problem, everything is better, we are ignoring that other dimension. in reality, policy makers are making two decisions. one, when they're deciding that deficit, they are allocating resources. borrowing from our states future income. two, they are allocating sources between the public and private sector and making decisions about how efficient economy is. i cannot answer on the specif
we should care about the deficit. we should care about the difference between what the government is spending and collecting. extremely important. we should also care about the size of government. we should care about both. what we have done over the past several years is illuminated concerns about the deficit. we have done that to a large extent by increasing the size of government. the bigger government is, the fewer resources there are for california families and businesses to do with they...
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Feb 4, 2013
02/13
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if we are not out of the deficit that we lost. in terms of the system being skewed, if we are continually supporting a system where jobs go to the already employed and we are really not doing anything to foster the economic recovery that is going to benefit everyone in society, none of these laws and nothing that the national employment law project is advocating for says you have to fill open jobs with unemployed people. what we are saying is that qualified unemployed people should be allowed to compete on terms that are fair. that is good for all of us in an economic recovery. host: baltimore, md., just retired, go ahead. caller: i would like to say one thing before i say my question. i love c-span and i always want to make it through on a phone call and i am glad that i made it through. that being said, and by the way -- go ravens, we won the super bowl. my question is this. i live in baltimore city. the unemployment rate in baltimore city is unbelievable. the problem that you have is that not only are so many people unemployed,
if we are not out of the deficit that we lost. in terms of the system being skewed, if we are continually supporting a system where jobs go to the already employed and we are really not doing anything to foster the economic recovery that is going to benefit everyone in society, none of these laws and nothing that the national employment law project is advocating for says you have to fill open jobs with unemployed people. what we are saying is that qualified unemployed people should be allowed...
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Feb 6, 2013
02/13
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are >>> in march 2007, some of the fine folks at morgan stanley were brainstorming via e-mail about what they wanted to call a new product they were working on. it was an investment package essentially that they would eventually go on to sell to a chinese bank. here are some of the potential product names that were suggested in this brainstorming session by a particular morgan stanley vice president. flutter fish 2007, or mike tyso
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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Feb 9, 2013
02/13
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our deficit is a big problem. what about our taxation system? when i pick up my bible, you know what i see? i see the fairest individual in the universe, god, he's given us this system. hoosr it's called time. >> he didn't stop there. carson is the head of neurosurgery at johns hopkins. listen to obamacare. >> here's my solution. when a person is born, give them a birth certificate, an electronic medical record and a health savings account, to which money can be contributed pre-tax from the time you are born to the time you die. when you die, you can pass it on to your family members so that when you are 85 years old, you got 6 diseases, you are not trying to spend up everything, you are happy to pass it on and nobody's talking about death panels. >> rush limbaugh says the republicans could learn a thing or two. >> the guy comes along in 43 seconds and sets out a position, based on our principles of individual responsibility and free market that is a logical solution that makes total sense to everybody who hears it. this man said it while obama'
our deficit is a big problem. what about our taxation system? when i pick up my bible, you know what i see? i see the fairest individual in the universe, god, he's given us this system. hoosr it's called time. >> he didn't stop there. carson is the head of neurosurgery at johns hopkins. listen to obamacare. >> here's my solution. when a person is born, give them a birth certificate, an electronic medical record and a health savings account, to which money can be contributed pre-tax...
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our deficits are financed by treasury bonds. most of which are being purchased by the fed with newly created money. this drives up the price of bonds and keeps interest rates artificially low, seniors on fixed incomes who have saved their whole lives now cannot make a fair market on their interest for their savings. in addition to squeezing the incomes of our seniors, creating money to fund deficits also drives up prices which has a disproportionate adverse effect on seniors, on the poor, and on middle income families. creating money out of thin air to fund the president's spending must stop. the first step is to stop the reckless spending by having the president present a plan to balance the budget. this is a simple request with no reasonable excuse for opposition. i support h.r. 444, the require plan act, to protect our seniors, the poor, and middle income families. i yield back. the chair: the gentleman yields back. the gentleman from maryland is recognized. mr. van hollen: madam chairman, again we have heard a number of the
our deficits are financed by treasury bonds. most of which are being purchased by the fed with newly created money. this drives up the price of bonds and keeps interest rates artificially low, seniors on fixed incomes who have saved their whole lives now cannot make a fair market on their interest for their savings. in addition to squeezing the incomes of our seniors, creating money to fund deficits also drives up prices which has a disproportionate adverse effect on seniors, on the poor, and...
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Feb 5, 2013
02/13
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he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of reference in the party? >> guest: it shows that a huge monumental figure he was. not just what he did in the world, but to the republican party. he fundamentally reshaped the republican party in lots and lots of ways and this time has gone on, he's grown in the imagination of the republican party and he should. he was one of the great presidents of the 20th century. there's a lot to learn both in terms of principle stands in terms of countenance and tone, the way he carried himself. he was a man of extraordinary grace and dignity. he was really by his opponents and never returned in
he's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of...
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02/13
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tell that to your kids and grandchildren. >> i am a boring deficit hawk, i say the same thing over and over again. paul krugman has convinced a lot of my liberal friends that it is okay to kick the can down the road. >> he actually used those words. >> terrible idea. it? all sorts of disasters. sudden interest -- it courts all sorts of disasters. it takes a long time to fix these problems. sequestration is a very crude, ugly tool, but if it actually has the effect of making people get serious about entitlement reform and tax reform, it would not be so bad. >> colby, what do you think? >> going back to charles' column, he said this the first time since the election the president obama has been put on defense. i don't think that is true. i agree with mark, the republicans will bear the brunt of this initially, because they will appear to be the obstructionists. looking at it in sheer political terms is the wrong way to look at this. this would have merkel implications if the economy tanks as a result of this -- global implications if the economy tanks as a result of this. >> you think th
tell that to your kids and grandchildren. >> i am a boring deficit hawk, i say the same thing over and over again. paul krugman has convinced a lot of my liberal friends that it is okay to kick the can down the road. >> he actually used those words. >> terrible idea. it? all sorts of disasters. sudden interest -- it courts all sorts of disasters. it takes a long time to fix these problems. sequestration is a very crude, ugly tool, but if it actually has the effect of making...
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Feb 6, 2013
02/13
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they have $3 billion in tax increases against a $845 billion deficit. the point that you make is a good one. the president and he drove this thing in august of 2012. h20122011. he wanted the sequester. read woodward's book in page 226 or some where in this and the deep cuts in defense thinking at the time that would put enough pressure on republicans to get them to agree to higher tax. here we are he wants this thing delayed yet again but to be fair there has been a solution put forward. the house of representatives has not once but twice passed legislation that would replace the sequester and the deep defense cuts which do cause damage to our national security and our readiness with other cuts also in the budget. and that is something that has been rejected by the democrats here on capitol hill and by the president. >> greta: what i don't get is the gal to come out and ask for mother delay. i can't delay showing up for my job and neither canmy american. we can't keep asking for the delays and he says the economy is headed in the right direction. maybe
they have $3 billion in tax increases against a $845 billion deficit. the point that you make is a good one. the president and he drove this thing in august of 2012. h20122011. he wanted the sequester. read woodward's book in page 226 or some where in this and the deep cuts in defense thinking at the time that would put enough pressure on republicans to get them to agree to higher tax. here we are he wants this thing delayed yet again but to be fair there has been a solution put forward. the...
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Feb 8, 2013
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. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
. >> the fact is though, we can't finish the job deficit reduction through spending cuts alone. >> yes, we can. [ laughter ] >> we can. >> john: now, that is romance. before we go tonight. one more look at the radar on the scene from boston as the huge storm is getting ready to wrap you up. expected to dump as much as 3-foot
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well it might have been but you know also our trade deficit got a lot bigger and that subtracted from g.d.p. that is a problem that's only going to get worse and you know think about this we've had a tax increase on everybody here in two thousand and thirteen so i'm eric is going to be paying higher taxes i think we're going to have a larger not smaller budget deficits so i think two thousand and twelve might be the high point of the obama term and you know obama often talked about the lousy economy he inherited from bush well now he's dealing with a lousy economy he inherited from himself and i think whoever succeeds succeeds bush i mean obama the next president is going. actually inherit a worse economy than either did in his first term i think the obama recession is going to be much worse than the obama recovery and you know the obama recovery has been the weakest recovery ever you can imagine how bad the recession is going to be that's certainly a scary thought for a lot of people that are hoping and praying that we do not have another recession like the one that we just got out o
well it might have been but you know also our trade deficit got a lot bigger and that subtracted from g.d.p. that is a problem that's only going to get worse and you know think about this we've had a tax increase on everybody here in two thousand and thirteen so i'm eric is going to be paying higher taxes i think we're going to have a larger not smaller budget deficits so i think two thousand and twelve might be the high point of the obama term and you know obama often talked about the lousy...
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Feb 5, 2013
02/13
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they're talking about the economy and deficit reduction. but also in the context of how does immigration affect that? the president said he wants to do something about the 11 million people who are living and working in this country and have been doing so for years illegally. but republicans here, especially conservatives on the house side, want to make sure border protection comes first. janet napolitano is touring the border right now and says we can secure it but we can't completely shut it down because that would hinder trade and commerce. also today the house judiciary committee meeting. they take a look at what might be the best solution here. there's a group of democrats and republicans working behind the scenes to come up with a solution. no word yet on how much progress they've made. >> interesting. tracie potts, thank you. >>> nbc news has obtained a confidential justice department memo that contains the legal justification for drone strikes on american citizens. the document from the justice department says the government can ord
they're talking about the economy and deficit reduction. but also in the context of how does immigration affect that? the president said he wants to do something about the 11 million people who are living and working in this country and have been doing so for years illegally. but republicans here, especially conservatives on the house side, want to make sure border protection comes first. janet napolitano is touring the border right now and says we can secure it but we can't completely shut it...
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Feb 2, 2013
02/13
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but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get t
but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a...
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Feb 6, 2013
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the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to be paying a lot of money on that debt, and it's going to crowd out vital public services. and that's why we had to worry about the debt all along. and we didn't. now it's built up. now we're facing reality. i thought it was a little odd. the president said, well, we have to do something, but he didn't offer anything to do because the main part he played was two months ago, he said, let's make the tax cuts permanent, both sides, and now we see, well, you can't afford that. >> you talk about paul krugman -- >> that's what they
the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to...
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Feb 6, 2013
02/13
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are committed to us lurching from self-imposed crisis to self-imposed crisis instead of us working this stuff out like adults. the accusation that president obama has grown the deficit giantly since he has been in office is a very politically potent accusation. and when republicans say it, the beltway media tends to write it down as if it was true. it is not true. it has not been true for a very long time, and there is really no ex
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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Feb 5, 2013
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and i wonder if the message, reducing the debt and deficit, fixing the education system for the most vulnerable is the way he puts it. the way he talks about immigration, are those things that will resonate? >> i think jonathan's right. what the republican party used to stand for, when george h.w. bush was president, is something that the republican party doesn't seem to stand for for most americans anymore. what they seem to stand for today is being, you know, insensitive on immigration. and not being mindful of a woman's -- you know, women's rights and there are symbols that the republican party promotes, like, they say they're for education, but they want to abolish the department of education. and i think that makes it difficult for them to cut through. if eric cantor can do it, then it needs to be done. but i'm just -- i think that there are candidates out there every single cycle that get in the way of the republicans try to rebrand and they are back in this same position every two years. >> eric cantor is not alone, for sure, jonathan, your old boss, or i guess your boss, karl
and i wonder if the message, reducing the debt and deficit, fixing the education system for the most vulnerable is the way he puts it. the way he talks about immigration, are those things that will resonate? >> i think jonathan's right. what the republican party used to stand for, when george h.w. bush was president, is something that the republican party doesn't seem to stand for for most americans anymore. what they seem to stand for today is being, you know, insensitive on immigration....
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Feb 6, 2013
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it reduces deficit even though it increases government health spending and reduces the deficit because it's got tax increases that are bigger than the increases in spending response to the extent that our medium and long-term problem is driven by demographic and the growth on health care spend withing the law has made the second of those worse. >> i think that is not , i mean, you're absolutely right. there's no question that we expanded -- coverage to mills of americans. i think 23 million people that have health insurance that didn't have it before. it's not free. it comes at the cost. everyone understood it came as a cost. it was paid for in part by tax increases and cuts in other government health care spending. it was not all on the revenue side. the other thing that is important for the congressional budget office said it reduced the it in the first decade, which is what they look at if you look in the the second decade, we think it will reduce the deficit even more. i think they were in fact giving credit and thinking it would slow the growth rates of some of the health care spe
it reduces deficit even though it increases government health spending and reduces the deficit because it's got tax increases that are bigger than the increases in spending response to the extent that our medium and long-term problem is driven by demographic and the growth on health care spend withing the law has made the second of those worse. >> i think that is not , i mean, you're absolutely right. there's no question that we expanded -- coverage to mills of americans. i think 23...
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merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this year and in order and one of the reasons he can say that is his party is absolutely killing angle of merkel's coalition when it comes to domestic issues if you speak to the german people one thing they will all tell you what the vast majority will tell you is that they do support angola merkel's view when it comes to dealing with the euro crisis what we're now seeing is peacetime saying i'm going to challenge angela merkel on her own turf and put forward my own theory about how to deal with greece after years of preparation the sleepless nights and hard work russia has something to celebrate tomorrow the offi
merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this year...
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deficits which you could use some military activities being stepped up in europe as if we had some security threats that. efforts continue to loom of the large nater to move the military infrastructure eastwards as if we had no statements at the highest level about the negative effects of divisions in the continent some of our european all of the partners are now drawing new dividing lines so that trying to divide integration projects between good and bad there but only knight is discussing and smart defense but it does not say who it is going to defend itself from is much more important to launch a new smart foreign policy at the wishes of maximizing the opportunities for collective work instead of wasting our resources if we're leading economies as part of the g. twenty could where it makes solid. efforts to address the financial crisis why cannot we do the same in policy russia join w t o and we appreciate the united states europe and other countries who supported that but we look at the w t o was set up to. tied protectionism in trade and. economies if you would if we try and look at th
deficits which you could use some military activities being stepped up in europe as if we had some security threats that. efforts continue to loom of the large nater to move the military infrastructure eastwards as if we had no statements at the highest level about the negative effects of divisions in the continent some of our european all of the partners are now drawing new dividing lines so that trying to divide integration projects between good and bad there but only knight is discussing and...
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merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. and now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this year and in order and one of the reasons he can say that is his party is absolutely killing angle merkel's coalition when it comes to domestic issues if you speak to the german people one thing they will all tell you what the vast majority will tell you is that they do support angola merkel's view when it comes to dealing with the euro crisis what we're now seeing is peacetime saying i'm going to challenge angela merkel on her own turf and put forward my own theory about how to deal with greece. and france to meet with francois hollande and they'll be taking in the france germany game and we will be seein
merkel's message all the way which is that it's all by austerity and by a sturdy alone and cutting that deficit. that greece can get itself financially back on its feet now what is interesting is that in the german elections we're seeing the key battleground becoming greece. and now one of the reasons that we've seen the s.t.p. . jump on this is because essentially they smell blood he said himself after the most recent local elections which took place last month that's change was possible this...
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Feb 9, 2013
02/13
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trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely boosted growth in the last three months of 2012. >> so this is a good sign that exports were a little stronger than we thought when the numbers were first estimated and that is obviously a good sign for the economy. again, the economy is obviously growing way too slowly, but at least on this note, i think it will be revised upward. energy is a now a bright spot for the u.s. economy. thanks to new fracking technology, surging domestic production cut crude oil imports last year by 227 million barrels. but that success was offset somewhat by i
trade deficit fell sharply last month. the combination now has economists believing the economy grew in the last few months of 2012, even though data out last week showed the economy fell slightly in the fourth quarter. but a closer look shows some cause for caution. darren gersh reports. >> reporter: the december trade numbers were much better than forecasters expected. the deficit between what the u.s. exports and what we import fell 21% to $38.5 billion. and that means exports likely...
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Feb 9, 2013
02/13
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MSNBCW
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he sold them a bill of goods, and what they got back was medicare part d, a ballooning deficit, and a financial crisis that devastated the country, a failed war -- a war in iraq that was ill-advised to put it mildly, and now the cuckoo's nest who he cultivated as the ground troops, the shock troops to win elections in 2000 and 2004, they think they're in charge and they're not going to listen to him saying they're not. >> what was the big thing with karl rove? did he start a war to celebrate the tax cut or have a tax cut to celebrate the war. i mean, he put it all together. joy put it right. i forgot to mention the prescription drug thing thrown in without financing it. >> right, right, right. and, you know, he did do a great job in the ots mobilizing and energizing the right wing base to get behind george w. bush, and then he and others did a great job in the last few years under barack obama of energizing them by demonizing barack obama and pushing them to the fringe. >> rove went on fox last night to defend himself and to profess his love for the tea party. what is he up to? he's t
he sold them a bill of goods, and what they got back was medicare part d, a ballooning deficit, and a financial crisis that devastated the country, a failed war -- a war in iraq that was ill-advised to put it mildly, and now the cuckoo's nest who he cultivated as the ground troops, the shock troops to win elections in 2000 and 2004, they think they're in charge and they're not going to listen to him saying they're not. >> what was the big thing with karl rove? did he start a war to...
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Feb 6, 2013
02/13
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so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the w he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the honor, but i'm only a chairman today. the gentleman is rognized. mr. hoyer: we wish you the best for the future. the chair: thank you. mr. van hollen, may i ask for how long he was recognized? mr. van hollen: i yield four minutes. the chair: the gentleman from maryland is recognized. mr. hoyer: i thank the gentleman for yielding. mr. price of georgia said what the american people want. what the american people don't want is games. this is a game. this is a sham. this is a shame. what the american people want is honest legislatio
so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the w he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the...
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Feb 9, 2013
02/13
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FOXNEWS
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. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all eventually going to have to pay higher taxes, but as the only item in your play book how to fix your economy it doesn't seem like it's ever going to work. >> i keep thinking if taxes are so terrible, why don't we just have no taxes at all. why don't we pay for-- >> 100% taxes. >> why don't we have no taxes at all and why don't you not interrupt me for once? >> i can't help it. >> why don't we have no taxes at all and why don't we have some some balance in the budget. and for gosh sakes, we're grownup disciplined people and we're supposed to balance the budget not supposed to be like small children. >> okay, c
. >> we got that cbo report this past week, 7 trillion dollar in additional deficit and factor in what that 600 billion dollars in tax hikes that the democrats did already push through and how does that balance things? but the point about baltimore is interesting because that's where this nation could possibly be headed. you continue to raise taxes and you don't cut spending and you wind up on the brink of bankruptcy, exactly where that city is. >> you know, ben, you say we're all...